The Preston Model and Community Wealth Building
Creating a Socio-Economic Democracy for the Future
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The Preston Model and Community Wealth Building: Creating a Socio-Economic Democracy for the Future
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Book Description
Through a deep examination of what has become known as the ‘Preston Model’, this book explores an innovative approach to local economic development that utilises economic democratisation to realise both social and economic objectives.
The first part of the book examines the main strands of the Preston Model framework and what makes it different to other urban regeneration schemes: the combination of local anchor institution procurement to generate and retain local wealth, and the development of cooperatives to fill gaps in local supply chains. The chapters in this section consider the Preston Model as viewed through different lenses: politics and society, community, economics, democracy, trade unionism, language and communication, education and transferability. The second part explores the influences and applications of the Preston Model, in theory and practice, in selected locations and various circumstances worldwide. This includes discussion of key ideas such as economic democracy, social enterprise and the creation of capacity for cooperative self-government, alongside essays on prominent international examples of similar approaches, which can inform and in turn be informed by the Preston Model.
This book is essential reading for those interested in regional and national policy, economic democracy and alternative economic and political ideas.
Table of Contents
Introduction. The Preston Model: Let’s keep it complex
Julian Manley and Philip B. Whyman
Section One – The Preston Model
1. The Preston Model: From top-down to rhizomatic-up. How the Preston Model challenges the system
Julian Manley
2. The Preston Model and Co-operative Development: A Glimpse of Transformation through an Alternative Model of Social and Economic Organisation
Ioannis Prinos
3. Co-operative Education: from Mondragón and Bilbao to Preston
Susan Wright and Julian Manley
4. Community and Cooperatives: a Preston Perspective
Julie Ridley
5. Reimagining Local Governance in the UK: understanding public discourse on the Preston Model
Michael Farrelly
6. Together we will stand: trade unions, cooperatives and the Preston Model
Alex Bird, Pat Conaty, Anita Mangan, Mick McKeown, Cilla Ross and Simon Taylor
7. Stevenage: A Distinct Community Wealth Building Journey
Michael Brookes, Christopher Nicholas, Tracy Walsh, Anita Sharma and Sarah Wolfe
8. The Economics of the Preston Model
Philip B Whyman
Section Two – Beyond Municipalism, Beyond Preston: The New Socio-Economic Democracy
9. Economic Democracy and Local Economic Development
Philip B Whyman
10. The Role of Social enterprises in Local Democratic Governance: Co-operation or competition?
Mike Aiken
11. The Pandemic Changes Everything: Hybrid Stakeholder Shared Ownership Models in the USA Starting with the Union-Coop Movement
Michael Alden Peck
12. Basque Industrial Cooperative Companies: A comparative analysis in terms of economic profitability and social welfare
Unai Elorza and Alaine Garmendia
13. Adult education, economic democracy, and local economic development
Jonathan Michie
Conclusion: The Future Past
Philp B. Whyman and Julian Manley
Editor(s)
Biography
Julian Manley is a researcher in the Centre for Citizenship and Community at the University of Central Lancashire, and ex-Chair and founding member of the Preston Cooperative Development Network.
Philip B. Whyman is Professor of Economics and Co-Director of the Lancashire Centre for Business and Management Research (LCBME) at the University of Central Lancashire.